SEARCHED FOR:AUTO INDUSTRY
Toyota Kirloskar sales drop 48 per cent to 5,386 domestic vehicle units in July
The first month post unlock, June, witnessed demand rekindling and retails being very good due to several factors, including pending customer orders as well as pent up demand accumulated as a result of the extended lockdown, he said.
Lockdown in Aurangabad likely to impact production at Bajaj Auto and Skoda Auto Volkswagen
Bajaj Auto manufactures vehicles for exports at a ...
Auto sector reels under losses as lower incomes, moratorium alter auto finance dynamics
Banking and automobile industry executives said sever...
India's auto sales volume will take 3-4 years to recover: Industry body
The pandemic-related disruption to the supply chain comes at a time when India's auto industry was already facing a slowdown in demand.
Demand starts revving up for sputtering auto industry
Maruti Suzuki, Hyundai see bookings of 200,000 units over a month, indicating a swift pick-up.
Indian auto component industry aims to cut dependence on Chinese imports: ACMA
"The auto industry in India has started to de-risk itself and is working on deep-localisation, ACMA Director General Vinnie Mehta told.
Don't see any case for investment in auto sector now: SIAM president Rajan Wadhera
Among the casualties of the current situation will be electric vehicles, where companies are no longer in a position to invest in the new technology and it would need government support for India not to miss the EV revolution, Wadhera said. He said after the lockdown relaxations automobile manufacturers have slowly started production but capacity utilisation remained very low.
Government officials meet with auto companies to discuss localisation initiatives
There was a call to collaborate, monitor capacity and take stock of mutual competencies, given the view that organisations were working independently and not pooling resources.
Vehicle subscription and rural markets will drive sales, says Veejay Nakra, CEO M&M (Auto Div)
Veejay Nakra, CEO M&M (Auto Div) remains bullish on demand for passenger vehicles for the next 3-4 months. He also feels vehicle subscriptio...
Auto industry may fall out of gear this fiscal
The automobile industry may post an aggregate drop of 20%, or Rs 75,000 crore, in revenue .
Local start-stop lock downs put brakes on auto companies operations
Companies readying to scale up to pre-Covid levels as they start launching models or upgrades are having to grapple with frequent off-and-on local restrictions.
Passenger vehicle sales double over June, almost inch up to pre-covid levels
Industry estimates as many as 197,523 passenger vehicles were sold in the local market last month, which is a tad lower than 200,790 units sold in the same period last year, though significantly higher than 105,617 units sold in June 2020.
Auto demand back on track but supply staggers
The uptick in personal mobility has been strong seven weeks into the reopening of dealerships. Stock has been slashed by 100,000 units and auto makers have generated bookings for more than 200,000 vehicles. The industry is worried about keeping up as factories can’t work at full capacity due to shop-floor rules on distancing and other health and safety protocols.
Auto industry to return to normalcy during festive season: Mercedes Benz India MD
The industry has lost nearly two months of sales due to the nationwide lockdown to check the spread of Covid-19. While production has restarted last month, it still hasn’t reached normal levels. Also, fewer people are visiting showrooms.